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ActIndia CodeWednesday, 31 July 2019

The Banning of Unregulated Deposit Schemes Act, 2019

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Citations are auto-generated; verify before publishing. The act classification is PolicyDhara's, not the source's.

Central or state Act — primary legislation passed by the legislature. Carries binding force and shapes the rules under which citizens, institutions, and markets operate.

Summary

Central Act enacted 2019-07-31. Full text on India Code (indiacode.nic.in).

Key Facts

TypeAct
SourceIndia Code (Historical)
PublishedWednesday, 31 July 2019
Affected Population~850 million internet users, 75,000+ startups

Key Numbers

Rs 15,000 crore for Digital India initiatives
UPI: 14 billion monthly transactions
850 million+ Aadhaar-linked mobiles
PM-JAY: 55 crore beneficiaries

Key Authorities

Ministry of Electronics & ITTRAICERT-InMinistry of Social Justice & EmpowermentNITI Aayog

Key Stakeholders

Internet UsersTech CompaniesStartupsBPL FamiliesSenior CitizensPersons with Disabilities

Government Context

NDA IIBJP-led NDA
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